Time flies when you are having fun – it seems like we were just taking down the holiday decorations, and now the end of February is rapidly approaching! That means that the SEC’s amendments to Rule 10b5-1 will be effective next Monday, February 27, 2023. While there is a longer compliance period for the disclosure elements of the SEC’s rulemaking, the major changes to the conditions in Rule 10b5-1(c) will be effective next week. As a result, new (or substantially modified) Rule 10b5-1 plans adopted next week will be subject to the following additional conditions….
Source: The Final Countdown: Rule 10b5-1 Changes Kick in Next Week : TheCorporateCounsel.net Blog
